CoinDCX Dismisses Report of Coinbase Acquisition Talks

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CoinDCX, India's largest crypto exchange, dismissed a local media report that U.S. rival Coinbase (COIN) was looking to acquire it. "Ignore the rumours," CEO Sumit Gupta said Tuesday in a post on X. Earlier in the day Mint reported that Coinbase was in advanced talks to acquire the Mumbai-based company, citing two people with knowledge of the matter. The potential acquisition could value CoinDCX at less than $1 billion, a steep drop from its $2.2 billion valuation in 2021, it said. Mint's source...